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ronshappy

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ronshappy

Re: None

Monday, 10/31/2016 10:54:05 AM

Monday, October 31, 2016 10:54:05 AM

Post# of 2188
Samson sold, late on Friday, October 28th, its interest in the North Stockyard field for $15 million by the receipt of the balance of $13.95 million of the purchase price.

$11.5 million of the sales proceeds will be used to reduce the outstanding amount on our debt facility to $19 million. Samson will use the balance of the proceeds for working capital and to reduce its current hedge positions in line with its post-sale production.

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